Long-term prospects of India’s textile industry seem strong: Report
The Indian textile industry’s long-term prospects seem strong with normalising global retail inventories, probable US tariff rise for China, rising labour costs in Vietnam and Bangladesh’s political chaos, Systematix Research said. Indian textile-apparel prices may rise. Stable cotton prices, favourable forex rates and operational efficiency may bolster Indian firms’ profitability in the long run.
The Indian textile industry’s long-term prospects seem strong with normalising global retail inventories, probable US tariff rise for China, rising labour costs in Vietnam and Bangladesh’s political chaos, Systematix Research said.
Indian textile-apparel prices may rise.
Stable cotton prices, favourable forex rates and operational efficiency may bolster Indian firms’ profitability in the long run.
